GREAT PLAINS SOFTWARE INC
SC 13G/A, 1999-02-16
PREPACKAGED SOFTWARE
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<PAGE>



                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                                 Amendment No. 1



                           Great Plains Software, Inc.
- -------------------------------------------------------------------------------
                                (Name of Issuer)



                          Common Stock, $0.01 par value
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    39119E105
                  --------------------------------------------
                                 (CUSIP Number)





                                December 31, 1998
- -------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[_] Rule 13d-1(b)

[_] Rule 13d-1(c)

[X] Rule 13d-1(d)



                               Page 1 of 5 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman, Sachs & Co.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           New York

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               1,399,206
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               1,399,206

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           1,399,206

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           10.1%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           BD-PN-IA

- ------------------------------------------------------------------------------

                      

                                Page 2 of 5 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           The Goldman Sachs Group, L.P.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           Delaware

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 2,000

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               1,399,206
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  2,000

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               1,399,206

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           1,401,206

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           10.1%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           HC-PN

- ------------------------------------------------------------------------------

                      

                                Page 3 of 5 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           GS Capital Partners, L.P.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           Delaware

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               1,060,368
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               1,060,368

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           1,060,368

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           7.7%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           PN

- ------------------------------------------------------------------------------

                      

                                Page 2 of 5 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           GS Advisors, L.P.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           Delaware

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               1,060,368
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               1,060,368

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           1,060,368

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           7.7%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           PN

- ------------------------------------------------------------------------------

                      

                                Page 3 of 5 pages
<PAGE>

Item 4.            Ownership.(1)(2)

          (a).     Amount beneficially owned:
                   See the response(s) to Item 9  on the attached cover page(s).

          (b).     Percent of Class:
                   See the response(s) to Item 11 on the attached cover page(s).

          (c).     Number of shares as to which such person has:

                   (i).     Sole power to  vote or to direct  the vote:  See the
                            response(s) to Item 5 on the attached cover page(s).
                            
                   (ii).    Shared power to vote or to direct the vote:  See the
                            response(s) to Item 6 on the attached cover page(s).
                            
                   (iii).   Sole power to  dispose or to direct  the disposition
                            of:  See the response(s) to  Item 7  on the attached
                            cover page(s).

                   (iv).    Shared power to dispose or to direct the disposition
                            of:  See the response(s) to  Item 8  on the attached
                            cover page(s).


Item 7.            Identification  and  Classification  of the Subsidiary  Which
                   Acquired the Security Being Reported on by the Parent Holding
                   Company.
                            See Exhibit (99.2) as previously reported.


- --------------------------
    (1) Includes 2,000 currently exercisable Stock Options granted to Sanjeev K.
Mehra,  Managing Director of Goldman,  Sachs & Co., pursuant to the Great Plains
Software, Inc. November 24, 1997 Outside Director's Stock Option Agreement.  The
Stock  Options are held by Sanjeev K. Mehra for the benefit of The Goldman Sachs
Group, L.P.

    (2) The Goldman Sachs Group, L.P.  ("GS  Group")  and  Goldman,  Sachs & Co.
("Goldman  Sachs")  each  disclaim   beneficial   ownership  of  the  securities
beneficially  owned by (i) any client  accounts  with  respect to which  Goldman
Sachs or employees of Goldman  Sachs have voting or  investment  discretion,  or
both and (ii) certain investment entities,  of which a subsidiary of GS Group or
Goldman Sachs is the general partner, managing general partner or other manager,
to the extent  interests  in such  entities  are held by  persons  other than GS
Group, Goldman Sachs or their affiliates.



                               Page 4 of 5 pages
<PAGE>

                                    SIGNATURE

            After reasonable inquiry and to the best of my knowledge
            and belief,  I certify that the information set forth in
            this statement is true, complete and correct.


Date:  February 14, 1999


GOLDMAN, SACHS & CO.                      THE GOLDMAN SACHS GROUP, L.P     
                                          
By:/s/ Hans L. Reich                      By:/s/ Hans L. Reich
- ---------------------------------         ---------------------------------    
Name:  Hans L. Reich                      Name:  Hans L. Reich
Title: Attorney-in-fact                   Title: Attorney-in-fact



GS CAPITAL PARTNERS, L.P.                 GS ADVISORS, L.P.
                            
By:/s/ Hans L. Reich                      By:/s/ Hans L. Reich
- ---------------------------------         ---------------------------------     
Name:  Hans L. Reich                      Name:  Hans L. Reich 
Title: Attorney-in-fact                   Title: Attorney-in-fact



                               Page 5 of 5 pages


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